The U.S. Bankruptcy Court issued a final order approving Appvion’s post-petition secured financing motion.
As previously reported, “The D.I.P. Facility comprises a term loan in an aggregate principal amount of up to $325.2 million consisting of: (i) new money commitments in the aggregate principal amount of $85 million (the ‘New Money Commitments’; the loans made thereunder, the ‘New Money Loans’) and (ii) a roll-up of existing loans under the Prepetition First Lien Facility in the aggregate principal amount of $240.2 million (the ‘Roll-Up Loans’). The New Money Loans may be drawn in multiple instalments, with up to $65 million of the New Money Loans available upon entry of the Interim Order.”
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